Bloomberg Newsweek had a article on unemployment and reported about factories that were being proposed to be built in Michigan and New York, but were finally built in China. Why? China offered incentives removing much of the risk to the investor(s). While the Obama administration has proposed significant incentives, it is being opposed by politicians who label it a socialist activity. Purpose, To defeat Obama and supporters of Obama.
My own experience with investment was when I was in college at the University of Wisconsin. I quickly learned that buying a book and taking a course in thermodynamics (4 credits of a 19 credit semester load) was a investment. Going to the Hasty Tasty and buying a 128 oz pitcher of beer was an expense.
Without doubt the greatest investment I have made was my education. And I believe it is with many people. But today we view education as a expense. It has been demonized because it is paid for by taxes. And public schools fall in the category as a example of socialism.
If the United States is to continue to be great we must encourage and make investments. And we should understand the difference between an investment and expense.
The two factories I started this blog with were growth industries. The one in Michigan was going to make Lithium Ion batteries. {Addition: I have learned this is reference to a second factory to make batteries. A factory is being built using stimulus funds. This factory has contracts with GM for the Volt.} The factory in New York would have made LED lights. Both of these are component for a growth industry. China and the anti investment, anti Obama people won.
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